USDA monthly stock report comes out at 11am today. Market is currently trading even, corn is expected to have a reduction in ending stocks due to smaller planted acres. Also watch as Brazil and Argentine crops may show reduction on the global outlook.
Weather is looking to not be in the farmer’s favor thru the end of the week, with a hopeful window coming for planting early to mid-next week.
Estimates for tomorrow’s report:
17/18 Ending Stocks (Billion Bu)
Wheat average estimate: 1.065
Corn average estimate: 2.178
Soybeans average estimate: .541
18/19 Ending Stocks (Billion Bu)
Wheat average estimate: .930
Corn average estimate: 1.628
Soybeans average estimate: .535
Have a Great Day!